Suppose that you bought a stock 6 years ago at $12. The stocks price at the end
Question:
Suppose that you bought a stock 6 years ago at $12. The stock’s price at the end of each year is shown here.
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a. Compute the rate of return for each year.
b. Compute the mean and median of the rates of return.
c. Compute the geometric mean of the rates of return.
d. Explain why the best statistic to use to describe what happened to the price of the stock over the 6-year period is the geometricmean.
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a b Ordered data 167 167 071 364 40 467 Median 218 c d The geometr...View the full answer
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Related Book For 
Statistics For Management And Economics Abbreviated
ISBN: 9781285869643
10th Edition
Authors: Gerald Keller
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